The ever more stringent environmental requirements in the shipping industry have triggered a myriad of innovative technological solutions when it comes to cutting emissions from ships. One of such examples is Wartsila’s open loop scrubber system aimed at improving air quality by reducing exhaust gas
PIRA Energy Group reports that Qatar takes on expiring LNG contracts. In the U.S., the “perfect storm” and its likely lingering impact have justified downward revisions to PIRA’s Reference Case Henry Hub gas prices. In Europe, French storage builds but remains. Specifically, PIRA’s analysis of natur
Drydocks World, a UAE-based shipyard, announced today that the world’s first Modular Capture Vessel (MCV), Eagle Texas, sailed away from its yard. The conversion of the AFRA max tanker was carried out by Drydocks World – Dubai and was completed for Singapore based AET, a global leader in petroleum s
Fitch Ratings has affirmed Nakilat Inc’s senior and subordinated bond ratings as follows: $850m series A senior secured bonds due 2033 – affirmed at ‘A+’; Outlook Stable $300m series A subordinated second priority secured bonds due 2033 – affirmed at ‘A-‘; Outlook Stable. The rating affirmations ref
DOF Subsea USA Takes Delivery of ‘Harvey Deep-Sea’ DOF Subsea USA has taken delivery of the new build DPII Multipurpose Construction Vessel – Harvey Deep-Sea under a 4-year long term charter agreement with Harvey Gulf International Marine. CNPC, CSSC Ink Strategic Cooperation Agreement CNPC and Chin
Golar LNG Secures Kuwait FSRU Deal Golar LNG Limited announced that Golar has executed a firm contract to provide the Kuwait National Petroleum Company (KNPC) with floating storage and regasification (FSRU) services to support their LNG import operations at Mina Al Ahmadi. GDF SUEZ Delivers First LN
Yemen LNG has reported in a statement that the company has learned from media reports that suspected al Qaeda militants killed four Yemeni soldiers in their sleep early on Sunday in an attack on forces guarding the country’s only liquefied natural gas (LNG) export terminal. “Yemen LNG denies that su
Top News of The Week August 5 – 10, 2013
Bahrain-based Two Seas Marine Services (TSM) has indigenously converted a bulk carrier into a sand dredger, which offers a faster, easier and cost-effective alternative to getting dredgers from Europe and elsewhere, said its managing director. “This is a first for the region and opens the doors of a
Crude oil output from the Organization of the Petroleum Exporting Countries (OPEC) fell 110,000 barrels per day (b/d) to 30.34 million b/d in July from 30.45 million b/d in June, a Platts survey of OPEC and oil industry officials and analysts showed Thursday. “When the consuming world wonders why oi
Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for July 2013 was 1,305, down 28 from the 1,333 counted in June 2013, and up 41 from the 1,264 counted in July 2012. The international offshore rig count for July 2013 was 320, down 17 from the 337 counted in June
Director General of Imam Khomeini Port (BIK) said that we managed to attract considerable amount of investment of private sector in the filed of loading and discharge of within previous 2 years. Mr. Idani added that private sector’s investment amounted to $ 7 million in development of the Imam Khome
International law firm Trowers & Hamlins has advised the Ministry of Energy and Mineral Resources of Jordan, together with Navigant, Mapstone and Tractebel Engineering, on a time charter party agreement with Golar LNG Limited for the supply of a Floating Storage and Regasification Unit (FSRU). The a
Golar LNG Limited announced that Golar has executed a firm contract to provide the Kuwait National Petroleum Company (KNPC) with floating storage and regasification (FSRU) services to support their LNG import operations at Mina Al Ahmadi. The contract will be for an initial period of 5 years and com
